LAS VEGAS, NV, Jan. 17, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – International Spirits and Beverage Group Inc. (OTCQB: ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spiritsand CBD-Infused Products markets, is thrilled to announce its first purchase order for the Company’s new P19 CBD Gummies. The order exceeds $115K. In addition, the Company now anticipates revenues from its recently launched Health and Wellness segment to top $300K during Q1 2019 based on orders for CBD Gummies and other new product releases.
That would represent potential annualized y/y growth on the top line for this segment of 233% following full-year 2018 billed sales of $360K in comparable items and services.
Management anticipates strong top line growth across operational segments in 2019 due to the timing of its strong CBD products launch and its new Health and Wellness segment, coming just on the heels of the historic signing of the 2018 Farm Bill, as well as the Company’s overhaul of its Besado Tequila brand.
ISBG CEO, Terry Williams, stated, “The removal of hemp from federal prohibition under the Controlled Substances Act of 1970 will, according to all analysis we have received, indeed mean a broad expansion in the scale and scope of the total U.S. hemp industry. And experts expect this to have a dramatic and disproportionately positive impact on growth in the hemp-derived CBD products market segment. We expect this to be a major performance driver for ISBG Health and Wellness in 2019.”
The Company also anticipates sharply improved overall efficiency given the development of its hybrid blockchain based system with implementation of IoT devices that complement each other for a better managed supply chain. The Company has begun to integrate this system with tagging for supply chain management, allowing for GPS tracking, geospatial coordination, temperature monitoring and additional features, including enabling features such as NFC and RFID chips to register information and eliminate unnecessary input and output record management tasks.
“With our expansion into the CBD products space, we now have enough logistical complexity to materially streamline costs through the implementation of our new supply chain technology,” continued Mr. Williams. “Everything is suddenly coming together right now for this Company – the Farm Bill, strong early growth in our new Health and Wellness division, our Besado overhaul, our integration of our hybrid supply chain management system. It’s an extremely exciting time for ISBG!”
About ISBG: International Spirits and Beverage Group (ISBG) is an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide. Based in Nevada, the Company’s expertise lies in the strategic development and aggressive early growth of its brands and the establishment of these brands as viable and profitable as an incubator. ISBG intends to nurture emerging brands through critical stages of market development, including conceptualization, go-to-market strategy, supply chain and logistics engineering, integrated marketing, and distribution. In addition, ISBG has now established itself as a health and wellness company with a focus on reshaping the CBD products market through state-of-the-art nanotechnology processes, developing a wide range of nano-infused CBD gummies and beverages formulations. These products will be sold through the Company’s website, as well as through established wholesale and retail distribution channels. The company has also partnered with Bengala Technologies to develop and commercialize enterprise and B2B software technology products targeting the logistics and supply-chain marketplace.
Forward Looking Statements: This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including “could”, “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company’s reports filed from time to time with OTC Markets (www.otcmarkets.com).
Contact: For Additional Investor Information: International Spirit & Beverage Group, Inc. info@isbg.global